Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!tamsun.tamu.edu!mtecv2!americast.com!americast.com!usa-post From: usa-post@AmeriCast.Com Newsgroups: usa-today.energy,americast.usa-today.energy Subject: energy Fri, Aug 28 1992 Message-ID: Date: 28 Aug 92 08:57:03 GMT Organization: American Cybercasting Lines: 112 Approved: usa-post@AmeriCast.com 08-28 0000 DECISIONLINE: Energy USA TODAY Update Aug. 28-30, 1992 Source: USA TODAY:Gannett National Information Network EPA SETS NEW STANDARDS: The Environmental Protection Agency is preparing tailpipe emission standards for vehicles powered by compressed natural gas. The standards will be published in the Federal Register during the next month, and will take effect in 1994. The Big Three automakers have CNG-powered vehicles in various stages of development. The agency must produce the final rule by Nov. 1. NYC APPROVES INCINERATOR: Wheelabrator Technologies Thursday received approval from New York City to build the city's first modern solid-waste incinerator. The $450 million plant, which will combine a trash-to-energy incinerator and recycling facility at a site in the Brooklyn Navy Yards, was approved by the city council. The incinerator will burn about 3,000 tons of waste a day to generate steam. QATAR AND MOBIL SIGN AGREEMENT: Qatar General Petroleum Corp. and Mobil Corp. said Thursday they signed an agreement on Mobil's participation in Qatar's liquefied natural gas projects. Mobil will have a 10% interest in the Qatargas LNG project of 6 million tons of LNG a year. Mobil will also have 30% interest in a new joint venture with Qatargas that will produce more than 10 million tons of LNG a year. CALSTART SETS UP PROGRAM: CALSTART, a consortium charged with developing an advanced transportation industry in California, has set up a new program with the Employment Training Panel. Funded by a $1.8 million state contract, the program will assist engineers, managers and operators from the aerospace and defense industries to develop advanced transportation fields, including electric vehicles. TVA SELLS $1 BILLION OF BONDS: Tennessee Valley Authority said Thursday it sold $1 billion of bonds to replace a similar amount of oustanding bonds that pay a higher interest rate. The government-owned utility sold bonds due in 1995, which are callable in one year. The issue will yield 4.88%, 15 basis points over the 3-year note. TVA will replace an outstanding bond that matures in 1994 that pays interest of 8.25%. MESA TO EXTEND PROGRAM: Dallas-based MESA announced Thursday it will extend its innovative natural gas vehicle conversion program to Clark County, Nev., because of the region's continuing commitment to air quality programs. Half of the region's pollution problems -- Las Vegas is in Clark County -- are the result of increasing vehicle traffic and escalating gasoline consumption. BURLINGTON ACQUIRES SOLVENT: Burlington Environmental Inc. announced Thursday it has acquired Solvent Recovery Corp., a subsidiary of Riedel Environmental Technologies Inc. Solvent Recovery, a hazardous waste treatment facility located in Kansas City, Mo., holds a Part B permit and offers liquid and solids fuel blending, solvent distillation and recycling services. NATURAL GAS FLOW CUT: Up to 30% of the natural gas destined for eastern Canada from Alberta wasn't delivered during the past week because of problems with Nova Corp.'s pipeline, producers and marketers said Thursday. The disruptions were caused by a combination of planned maintenance shutdowns and unexpected mechanical problems with pipeline compressors at Red Deer River and Schraeder Creek, Alberta. WISCONSIN STEAM PLANT PLANNED: Wausau Paper Mills Co. said Thursday its Rhinelander Paper Co. unit signed a letter of intent to purchase steam from a planned high-efficiency power plant in Rhinelander, Wis. The Wisconsin Public Service plant could produce as much as 100 megawatts daily and will be built adjacent to Rhinelander's specialty-paper mill. WPS will bear all the costs and Wausau will purchase the steam. SUN ANNOUNCES SUCCESSFUL WELL: Sun Company announced Thursday its subsidiary, Sun Oil Britain Limited, is a participant in a successful appraisal well in the Pine Field in UK North Sea Block 16:12a. The well, 16:12a-17, tested 37 degree API oil at a rate of 7,200 barrels per day with 5.8 million cubic feet of gas through a 52:64-inch choke at a well head pressure of 1,542 psi. UGI REPORTS INCREASE IN BUDGET: UGI Corp. reported Thursday that directors of its UGI Utilities subsidiary have increased the 1992 capital expenditures budget of its gas utility unit 18 percent, to $32.8 million. The gas utility said the additional expenditures are necessary to meet higher than anticipated demand for natural gas service in residential and commercial markets. OIL PRICES REMAIN STABLE: Oil prices remained relatively stable Thursday at the New York Mercantile Exchange. October crude went up 8 cents to $21.13 a barrel. Gasoline prices came under pressure. September unleaded fell 0.50 cent to 61.72 cents a gallon. September heating oil rose 0.15 cent to 58.27 cents a gallon. Energy Editor: Martin Baucom. (1-919-855-3491) Making copies of USA TODAY Update (Copyright, 1992) for further distribution violates federal law. This article is copyright 1992 Gannett News Service. 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